Below are the two charts we shared with subs for VTC to show them how pattern trading can help prevent “chasing” trades that can be very costly.
1st chart shows the breakout of the bullish pattern and a target of .00075 (actual high was .0079)
Note we indicated that the best time to enter this trade was on a “retest of the breakout” which would be around .00045 — as you can see in the 2nd chart below, after VTC hit it’s target it pulled back nearly 50% to….
And VTC is now on the way up again — so if you entered around .00045 you’ve never been down on the trade and are now up almost 50%!
Not every pattern trade works out this well (or this precisely). But staying aware of pattern analysis as well as common trading patterns such as “retests” (see our educational section for more retest examples) can help you learn trade safely, to include PATIENCE as part of your trading strategy when it makes sense, and to avoid FOMO which is very hard to do in the fast moving crypto market.
Most importantly, using patterns you can trade safely and profitably in very challenging markets like crypto with probabilities on your side, and that is exactly what the cryptopatterns newsletter and our daily and real time updates are all about.
TThis site is for educational and entertainment purposes only and not in any way intended to be investment or trading advice. You are 100% responsible for your financial decisions at all times. It is highly recommended you DO NOT make any investment or trading decisions depending upon what you read on this blog/newsletter! All information presented (c) 2017 JBP cons, inc. All rights reserved.his is what the cryptopatterns newsletter is all